90
90
Dec 9, 2013
12/13
by
CSPAN
tv
eye 90
favorite 0
quote 0
the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is on our line for and dependents. -- for independents. calle
the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a...
73
73
Dec 7, 2013
12/13
by
CSPAN
tv
eye 73
favorite 0
quote 0
do you file separate tax returns? >> yes. >> are you allowed, since you have a loss on your large tech business and your small software business versus your restaurant -- can you write that loss off against your restaurant? >> no, they are separate. >> what happened to business aggregation? , there is a significant administrative burden comes -- burden that comes with operating both entities. tothe policy would be able provide the health care. would be able to horseshoe the ability to provide health care. we just heard comment that there small businesses are not hiring as a result of the implementation of the president's affordable health jobsact, no affect on hired. is that your experience? >> no, it is not. >> would anyone else like to comment? >> no, it is not. i see it in small and large businesses. >> businesses are not hiring because of the affordable care act? >> i believe it is draining resources from the companies that would be otherwise going to grow the business. >> very interesting. we are dealing with the
do you file separate tax returns? >> yes. >> are you allowed, since you have a loss on your large tech business and your small software business versus your restaurant -- can you write that loss off against your restaurant? >> no, they are separate. >> what happened to business aggregation? , there is a significant administrative burden comes -- burden that comes with operating both entities. tothe policy would be able provide the health care. would be able to horseshoe...
83
83
Dec 9, 2013
12/13
by
CSPAN
tv
eye 83
favorite 0
quote 0
they're looking at any tax hikes that have been demanded by democrats. we are looking at tax hikes. they are also not looking at significant cuts to medicare, medicaid, or social security, which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. they are also looking at things a spectrum that is going to be sold to telephone companies. they are looking at a small budget deal that would replace some of the sequester, the automatic spending cuts that were launched in 2011 as part of a but -- part of a different budget process. host: like can't there right now? caller: --host: why can't there be a grand bargain right now? caller: because republicans and democrats can't agree. all ryan, the chairman of the budget committee, and patty murray decided they were not going to go after the towels of the other party and just try to get something that was possible after all these failed budget agreements in the past
they're looking at any tax hikes that have been demanded by democrats. we are looking at tax hikes. they are also not looking at significant cuts to medicare, medicaid, or social security, which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. they are also looking at things a spectrum that is going to be sold to...
53
53
Dec 6, 2013
12/13
by
CSPAN
tv
eye 53
favorite 0
quote 0
revenue that are not new taxes. we will see discussions about moving forward to get them over the last little bit. pelosi is insisting unemployment benefits need to be part of the discussion. >> the extension has allowed people to receive benefits for 18 months and expires the week after christmas. pelosi wanted to see that extended another year. it is pressing very hard for . speaker boehner has left the door open and said he would be open to having another extension. there are no real repercussions immediately. they will have defined some other way to keep government funded. they could reach a deal next week, like a race between the farm bill and a budget committee and conference committee trying to get something done. it will take a lot to bring people together to try to find the votes necessary to pass it. >> just before the thanksgiving break, the senate was working on the defense authorization bill. our those going? >> they thought they were going to vote in the senate. it could drag into the new year. >> with
revenue that are not new taxes. we will see discussions about moving forward to get them over the last little bit. pelosi is insisting unemployment benefits need to be part of the discussion. >> the extension has allowed people to receive benefits for 18 months and expires the week after christmas. pelosi wanted to see that extended another year. it is pressing very hard for . speaker boehner has left the door open and said he would be open to having another extension. there are no real...
138
138
Dec 4, 2013
12/13
by
CSPAN
tv
eye 138
favorite 0
quote 0
people who are here -- this is a tax. he cannot change tax laws. i wish she would bring that truck driver agreement and when he signed it into law and throughat up immigration and stuff like that. give the american people a voice. the house judiciary committee held a hearing recovered -- we about the president and executive power, republicans siding that he change the health power andy executive that he has done the same on other issues. that,'re interested in you can go to our website c- span.org and you can see it there. we covered that hearing yesterday. that policyying differences don't constitute a constitutional crisis. that was their opinion of yesterday's hearing. in ohio.to ed republican. caller: good morning. of course people should be fired. from the head of the fish to the bottom. there is a pattern in this whole administration. it is nonstop. denial, denial, deny -- they are --yal to ridiculously that would be the last person he would fire. people keep forgetting all of these little things they slipped in. he is very bright. he came in
people who are here -- this is a tax. he cannot change tax laws. i wish she would bring that truck driver agreement and when he signed it into law and throughat up immigration and stuff like that. give the american people a voice. the house judiciary committee held a hearing recovered -- we about the president and executive power, republicans siding that he change the health power andy executive that he has done the same on other issues. that,'re interested in you can go to our website c-...
96
96
Dec 9, 2013
12/13
by
CSPAN
tv
eye 96
favorite 0
quote 0
are not willing to cut medicaid, and republicans are not willing to do tax hikes. paul ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they were just going to it something that was possible, and they decided by looking at all these failed attempts in the past, we will not go there. we will do something that is much smaller, but doable. host: we are talking with ian swanson. there will still be a big budget debate in early 2014. what does that look like? will: one thing this deal not do is it will not raise the debt ceiling. at some point exterior they will have to do that. it is a legal -- little difficult to forecast when it will be, in part because the economy is starting to behave more strongly and as a result that extends the time in which the treasury department can do things. they call them extraordinary measures, to prevent hungers from having to raise the debt ceiling. at some point in time congress will have to do that. the earliest is february, but much more likely that it is sometime close t
are not willing to cut medicaid, and republicans are not willing to do tax hikes. paul ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they were just going to it something that was possible, and they decided by looking at all these failed attempts in the past, we will not go there. we will do something that is much smaller, but doable. host: we are talking with ian swanson. there will still be a big budget debate in early 2014....
71
71
Dec 9, 2013
12/13
by
CSPAN
tv
eye 71
favorite 0
quote 0
negotiators are looking at any tax hikes. they're also not looking at significant cuts to medicare, medicaid or social security. instead of looking at small is more to their retirement plans. they're trying to keep that a bit lower. they're also looking at funds by selling a spectrum. looking at a small budget deal. this is part of a different budget process. >> why can there be something like a grand bargain right now? democrats are not willing to do any kind of medicare and medicaid. republicans are not willing to do any tax hikes. ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they are trying to get something that was possible. we are not even going to go there this time. host: talking with ian swanson of "the hill." even if there is a agreement made this week, there will be a budget battle for 2014. caller: one thing this he'll will not do is raise the debt ceiling. at some point next year they are going to have to do that. it is a little difficult to foreca
negotiators are looking at any tax hikes. they're also not looking at significant cuts to medicare, medicaid or social security. instead of looking at small is more to their retirement plans. they're trying to keep that a bit lower. they're also looking at funds by selling a spectrum. looking at a small budget deal. this is part of a different budget process. >> why can there be something like a grand bargain right now? democrats are not willing to do any kind of medicare and medicaid....
116
116
Dec 9, 2013
12/13
by
CSPAN
tv
eye 116
favorite 0
quote 0
highest unwanted pregnancy rate in the entire developed world, or an executive order giving billions in tax dollars to faith-based centers of right wing political power. or the global gag rule that deprived poor countries of u.s. foreign aid if they offered any information about abortion, even with their own funds. or even with corporate profiteering and privatized wars abroad as well as privatized prison at home. prisons we do not need but state legislatures vote and they are run by corporations, or a higher percentage of the u.s. population in prison as a result than in any other country in the world. ceo's whose salary rose from 30 times that of the average worker before the right-wing backlash took over washington to an average of 8000 times, or an unregulated financial industry that led to worldwide economic meltdown or an even greater polarization of people and nations into rich and poor, or the turning of terrorism from a cause for global unity into a cause for deeper global division. and so, so much more. so each of us is the nail, and each of us can win the battle. thank you. [appl
highest unwanted pregnancy rate in the entire developed world, or an executive order giving billions in tax dollars to faith-based centers of right wing political power. or the global gag rule that deprived poor countries of u.s. foreign aid if they offered any information about abortion, even with their own funds. or even with corporate profiteering and privatized wars abroad as well as privatized prison at home. prisons we do not need but state legislatures vote and they are run by...
106
106
Dec 8, 2013
12/13
by
CSPAN
tv
eye 106
favorite 0
quote 0
and then taxed again and just pray that my tenacity would get me there. the anxiety level, i can't even explain to you the insomnia, the tears, the mood swings, the ups, the downs. it ranks with me as one of the five most tragic things to have ever happened in my life. what it does to you emotionally and psychologically, you feel like hester prenn with the letter "a" when you're jobless very long. you soon become a member of the lost world. people look at you when you don't have a job yet like there's something wrong with you. that's where i would have been. >> thank you. >> i have no questions, but i would like to let you all know that for a period of about three months, i was unemployed -- this was back many years ago. it was really during, between school -- it was summer break. i'm used to working and i could not find a job that summer, the whole summer. i can't tell you how -- i can tell you but i'm sure your feelings about being unemployed and searching for work and being unable to find anything, the effect that has on you mentally is just very -- yo
and then taxed again and just pray that my tenacity would get me there. the anxiety level, i can't even explain to you the insomnia, the tears, the mood swings, the ups, the downs. it ranks with me as one of the five most tragic things to have ever happened in my life. what it does to you emotionally and psychologically, you feel like hester prenn with the letter "a" when you're jobless very long. you soon become a member of the lost world. people look at you when you don't have a job...
55
55
Dec 6, 2013
12/13
by
CSPAN
tv
eye 55
favorite 0
quote 0
dodd-frank prohibits the use of tax dollars. useequires that we will and the tools that the law provides. the largest financial companies have already submitted living wills or blueprints for how to unwind firms if they fail. regulators will require firms to rework these plans if they are not credible. if firms are not able to provide a credible plan, regulators can impose remedies, including requiring firms to divest or realign their businesses. -- realtors have ade clear -- and they are continuing to develop strategies and guidance for resolving major institutions with minimum disruption to the financial system. there is still more work to do, particularly to make sure that international rules mess with our own sins, as we know too well, financial crises do not respect national borders. while we will not know how well these tools work for certain until they are tested by a true crisis, several things are clear. dodd-frank ended too big to fail as a matter of law. tough rules are now in place to make sure that banks have the ca
dodd-frank prohibits the use of tax dollars. useequires that we will and the tools that the law provides. the largest financial companies have already submitted living wills or blueprints for how to unwind firms if they fail. regulators will require firms to rework these plans if they are not credible. if firms are not able to provide a credible plan, regulators can impose remedies, including requiring firms to divest or realign their businesses. -- realtors have ade clear -- and they are...
493
493
Dec 3, 2013
12/13
by
CSPAN
tv
eye 493
favorite 0
quote 0
tax money to buy american-made. think back on jefferson who told his treasury secretary, give me a plan for the next century. the 18 hub's -- the 1800's. an economic development plan. and teddy roosevelt and then franklin roosevelt. eisenhower. men of vision, leaders of vision that were willing to step forward, willing to use the resources of this nation, collecting those resources and dispensing those resources across the nation, to build the foundation for economic growth. the make it in america agenda is available to us today. that agenda is a trade policy that protects american industry. not a free trade that gives it away, but a fair trade policy that protects american industry , a tax policy that encourages economic growth here in the united states. that rewards corporations for bringing it home and ends tax breaks for corporations that ship the jobs offshore. an energy policy that utilizes the great energy capacity of this nation, everything from conservation and wind and solar and indeed the petroleum produc
tax money to buy american-made. think back on jefferson who told his treasury secretary, give me a plan for the next century. the 18 hub's -- the 1800's. an economic development plan. and teddy roosevelt and then franklin roosevelt. eisenhower. men of vision, leaders of vision that were willing to step forward, willing to use the resources of this nation, collecting those resources and dispensing those resources across the nation, to build the foundation for economic growth. the make it in...
63
63
Dec 6, 2013
12/13
by
CSPAN
tv
eye 63
favorite 0
quote 0
but new york state has been through a tax cap. a lot of other budget cuts. the things that teachers actually need to do, work together, use the standard as a guideline not as a straitjacket, have curriculum, method not happen. in a couple places it did, in a lot of places it did not. the big mistake that both the federal government made and and other people like king made is the level of testing -- king would say to you, i was sick and tired of telling people what to do and then not doing it. that is not your job to tell people what to do. your job is to help navigate people through this again actual ship. consequently, last year in new york, there were in elementary schools these tests. a lot of people were not prepared. john king and meryl tisch said the test results would be 30% less next year than they were right now. the question is -- how did they actually know the exact number? it creates huge distrust. you can actually figure out what the cut scores were and how to align it. between the lack of preparation for teachers, the lack of communication with
but new york state has been through a tax cap. a lot of other budget cuts. the things that teachers actually need to do, work together, use the standard as a guideline not as a straitjacket, have curriculum, method not happen. in a couple places it did, in a lot of places it did not. the big mistake that both the federal government made and and other people like king made is the level of testing -- king would say to you, i was sick and tired of telling people what to do and then not doing it....
109
109
Dec 7, 2013
12/13
by
CSPAN
tv
eye 109
favorite 0
quote 0
we take a look at tax rates. it is congress that appears to allow a certain batch of temporary tax breaks to last at the end of 2013. ray from oklahoma city oklahoma, you are up next. are you there? good morning, you are on. i was calling about -- our man is going to make mistakes. the problem with the world, it does not have anything to do with obama. we have taken god out of everything he is doing. the next thing, minimum wage. i talked to a lot of people atut minimum wage at 7:25 -- $7.25 an hour. people say if you raise minimum wage, the influence will go up. everything else is already going up except minimum wage. years taken almost four to get it to seven dollars $.25. i am 61 years old, i am retired, and i have four kids. i have kids working for memo wage. they got student loans to pay back. journal"ll street talking about unemployment benefits in several stories, set to expire on september 28. several democrats are pushing for a vote to extend the benefits. house democrats propose renewing the program for
we take a look at tax rates. it is congress that appears to allow a certain batch of temporary tax breaks to last at the end of 2013. ray from oklahoma city oklahoma, you are up next. are you there? good morning, you are on. i was calling about -- our man is going to make mistakes. the problem with the world, it does not have anything to do with obama. we have taken god out of everything he is doing. the next thing, minimum wage. i talked to a lot of people atut minimum wage at 7:25 -- $7.25 an...
76
76
Dec 3, 2013
12/13
by
CSPAN
tv
eye 76
favorite 0
quote 0
that is something that congress is currently weighing is whether to tax financial transactions. it does not have a lot of support, so i do not see that happening anytime soon. europe is a little bit different, they have actually imposed some trading taxes, which has been to the chagrin of the banks. host: peter, on the republican line/ . caller: let's get the history state on what happened during the financial crisis. during the 1990s there was a lot of pressure by the minority groups to increase the amount of affordable housing. so the clinton administration developed the public private partnership to get banks to create more loads for low income people. that calls --was caused a mandate on fannie and freddie to purchase subprime mortgages. they had increased the mandate 110% to 55% of her juices of sub i mortgages. -- purchases of subprime mortgages. he continued that public-private partnership that clinton had , upblished the which after to 2007 and 2008, the number of those mortgages were so great that caused the financial collapse. the government gave the green light to wal
that is something that congress is currently weighing is whether to tax financial transactions. it does not have a lot of support, so i do not see that happening anytime soon. europe is a little bit different, they have actually imposed some trading taxes, which has been to the chagrin of the banks. host: peter, on the republican line/ . caller: let's get the history state on what happened during the financial crisis. during the 1990s there was a lot of pressure by the minority groups to...
154
154
Dec 3, 2013
12/13
by
CSPAN
tv
eye 154
favorite 0
quote 0
billion by reducing the tax gap through better enforcement of the i.r.s. code. those are specifics. they may be unpopular but at least they're specific. in stark contrast to go find $5.7 trillion unspecified that the republican budget included. the revenue enhancements provided in the c.b.c. budget would allow congress to totally cancel the sequester and pass a jobs package of at least $500 billion, at 50,000 each that's over 10 million jobs that could be created in one year with a jobs bill of that magnitude, almost enough to hire everybody drawing unemployment today. provide an additional $300 billion in long-term investments in our economy and education, job training, health care and advanced science and research. as i said earlier the reforms contained in the c.b.c. budget would reduce the deficit $2. trillion over the next decade compared to c.b.o.'s baseline that would put our nation on a strong, sustainable path. all without jeopardizing programs that support our seniors and programs that educate the next generation of leaders in business, science a
billion by reducing the tax gap through better enforcement of the i.r.s. code. those are specifics. they may be unpopular but at least they're specific. in stark contrast to go find $5.7 trillion unspecified that the republican budget included. the revenue enhancements provided in the c.b.c. budget would allow congress to totally cancel the sequester and pass a jobs package of at least $500 billion, at 50,000 each that's over 10 million jobs that could be created in one year with a jobs bill of...
714
714
Dec 5, 2013
12/13
by
CSPAN
tv
eye 714
favorite 0
quote 1
immigrants contribute to our economy through taxes, state and local taxes paid in 2010 alone by households headed by undocumented immigrants was over $11 billion. and this is according to the institute for taxation and economic policy. undocumented immigrants contributed as much as $ billion in payroll taxes to the social security program in 2010. but only took $1 billion in benefits. creating a net positive effect on our social security system. to benefit americans. and this is according to the social security administration. despite their contributions, immigrants face exploitation and significant barriers to advancement. and again, that's not the america we should feel proud of. we have an opportunity to pass comprehensive immigration reform in this great country on this floor. all we need is the opportunity to put a bill up for a vote. and i believe that the majority of members of this house will do the righteous thing, the right thing, and welcome those immigrants and integrate them into our system and we will see the economy of the united states of america flourish once again like we
immigrants contribute to our economy through taxes, state and local taxes paid in 2010 alone by households headed by undocumented immigrants was over $11 billion. and this is according to the institute for taxation and economic policy. undocumented immigrants contributed as much as $ billion in payroll taxes to the social security program in 2010. but only took $1 billion in benefits. creating a net positive effect on our social security system. to benefit americans. and this is according to...
204
204
Dec 5, 2013
12/13
by
CSPAN
tv
eye 204
favorite 0
quote 1
trade adjustment assistance and tax extenders have been referenced. hopefully we could do all of those. of course, we have a very short period of time left to do that. let me ask the majority leader, given that short time, does the majority leader have a high degree of confidence that in fact he will be seeking to follow the calendar that's been set out by the majority leader to end this first session of this congress indeed on the scheduled date of december 13, and i yield to my friend? mr. cantor: i thank the gentleman for the recitation of his desired wish list for what he'd like to see on the floor. i'd like to remind the gentleman, mr. speaker, this house has passed well over 140 if not 150 bills very much focused on job creation, very much focused on trying to make sure that we address the needs of those who are most vulnerable right now, trying to make sure that we can sustain the safety net while equipping those that are without the tools necessary to get up on that ladder of success. unfortunately, mr. speaker, the senate has just refused to
trade adjustment assistance and tax extenders have been referenced. hopefully we could do all of those. of course, we have a very short period of time left to do that. let me ask the majority leader, given that short time, does the majority leader have a high degree of confidence that in fact he will be seeking to follow the calendar that's been set out by the majority leader to end this first session of this congress indeed on the scheduled date of december 13, and i yield to my friend? mr....